Tuesday, 9 December 2014

Indicator Y Long 2163 - Assume 5pm Is 2140

The hourly indicator Y long 2163 is under pressure now as the cpo futures price is trading below 2163 and therefore the greed has disappeared while the fear factor is higher.

This is because if cpo futures price is last traded around 2140 at 5pm later today, we will definitely have a clear stop and reverse trade signal at 6pm which is any price below yesterday close will trigger a sell signal at 6pm.

Again, we will post the exact 6pm stop and reverse sell trade signal once we get the 5pm cpo futures trade data.